South African Reserve Bank · Repo rate
South Africa · ZAR · Policy rate
The South African Reserve Bank’s Repo rate is 7.25 %, last changed on 25 Sep 2026 when it was raised by 25 bp from 7.00 %. The next scheduled decision is on .
7.25 %
- Last change
- raised +25 bp·announced 23 Sep 2026
- Previous rate
- 7.00 %
- Next decision
- Latest observation
- Source
- BIS
7.25 % ·
2 Nov 20210.00 – 8.25 %2 Nov 2026
Recent decisions
Changes are dated by when they took effect; holds by the announcement day.
At a glance
- Economy
- South Africa
- Currency
- ZAR
- Type
- Policy rate
- Set by
- South African Reserve Bank
- History since
- 1980
- Changes in the last 12 months
- 3
Questions and answers
- What is the current South African Reserve Bank interest rate?
- The South African Reserve Bank’s Repo rate is 7.25 %, last changed on 25 Sep 2026 when it was raised by 25 bp from 7.00 %.
- When did the South African Reserve Bank last change its rate?
- On 25 Sep 2026, when the Repo rate was raised by 25 bp to 7.25 % from 7.00 %.
- What did the South African Reserve Bank decide at its last meeting?
- On 25 Sep 2026 it raised the Repo rate by 25 bp to 7.25 %.
- When is the next South African Reserve Bank rate decision?
- The next scheduled announcement is on 19 Nov 2026.
Decisions by year since 2017
2026net +50 bp
| Date | Rate | Change |
|---|---|---|
| announced 23 Sep 2026 | 7.25 % | +25 bp |
| 7.00 % | hold | |
| announced 28 May 2026 | 7.00 % | +25 bp |
| 6.75 % | hold | |
| 6.75 % | hold |
2025net −100 bp
| Date | Rate | Change |
|---|---|---|
| announced 20 Nov 2025 | 6.75 % | −25 bp |
| 7.00 % | hold | |
| announced 31 Jul 2025 | 7.00 % | −25 bp |
| announced 29 May 2025 | 7.25 % | −25 bp |
| 7.50 % | hold | |
| announced 30 Jan 2025 | 7.50 % | −25 bp |
2024net −50 bp
| Date | Rate | Change |
|---|---|---|
| 7.75 % | −25 bp | |
| 8.00 % | −25 bp |
2023net +125 bp
| Date | Rate | Change |
|---|---|---|
| 8.25 % | +50 bp | |
| 7.75 % | +50 bp | |
| 7.25 % | +25 bp |
2022net +325 bp
| Date | Rate | Change |
|---|---|---|
| 7.00 % | +75 bp | |
| 6.25 % | +75 bp | |
| 5.50 % | +75 bp | |
| 4.75 % | +50 bp | |
| 4.25 % | +25 bp | |
| 4.00 % | +25 bp |
2021net +25 bp
| Date | Rate | Change |
|---|---|---|
| 3.75 % | +25 bp | |
| 3.50 % | −25 bp | |
| 3.75 % | +25 bp |
2020net −300 bp
| Date | Rate | Change |
|---|---|---|
| 3.50 % | −25 bp | |
| 3.75 % | −50 bp | |
| 4.25 % | −100 bp | |
| 5.25 % | −100 bp | |
| 6.25 % | −25 bp |
2019net −25 bp
| Date | Rate | Change |
|---|---|---|
| 6.50 % | −25 bp |
2018no net change
| Date | Rate | Change |
|---|---|---|
| 6.75 % | +25 bp | |
| 6.50 % | −25 bp |
2017net −25 bp
| Date | Rate | Change |
|---|---|---|
| 6.75 % | −25 bp |
Dates before 2021 are month precision (monthly BIS data).
Other rates in Africa
Source: BIS central bank policy rates. Latest observation 26 Oct 2026. Refreshed every 30 minutes.